The market of Monosodium Glutamate (MSG) has displayed signs of normalization in first half of September xxxx after an upward trend which was driven by robust orders from downstream sectors. The strategic pricing from suppliers was calibrated due to low stock left from previous production cycles with proactive inventory management by buyers. The seasonal anticipation of festive demand in India and new production runs in China have balanced off excess buildups and the steady end-user offtake has kept the procurement volumes of MSG healthy. These market driving factors has sparked optimism that the MSG market is entering a phase of measured stability.
The increase in glutamic acid prices in August which is a key feedstock that is derived from corn has increased production expenses of MSG. The downstream sectors have maintained firm offtake and absorbed the price increases without pausing orders. The MSG exporters...
